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Sen. Elizabeth Warren points to crypto payments as facilitating fentanyl trade in China

Published 05/31/2023, 04:30 PM
Updated 05/31/2023, 06:00 PM

Massachusetts Sen. Elizabeth Warren has suggested a link between cryptocurrency payments and companies based in China that provided precursors for the opioid fentanyl.

In a May 31 hearing of the United States Senate Banking Committee on China, Warren pointed to a report from blockchain analytics firm Elliptic to suggest a connection between cryptocurrency and “illegal drug transactions” at Chinese companies. Elliptic reported on May 23 that 90% of roughly 90 China-based firms supplying fentanyl precursors were willing to accept payment in cryptocurrencies, including Bitcoin (BTC).

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Latest comments

Okay Senator Karen Boomer. Crypto is the problem, not the open border? The nerve of our 'leaders'
The only reasons why crypto exists, pedophilia, drugs, ransomware
Says the person doesn't know what a Blockchain is
People buy way WAY more fentenal with good old American dollars thats for sure
She and all others make up stories to fit their political objectives. Dont believe most that they state as fact.
why don't she do something about the corrupt government, pedophiles, drugs,murders and leave crypto alone. We know she will never understand crypto so just do something you know about...whatever that is
then Beijing Biden would be in jail. and they can't have that. he has a presidency to sleep through
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